https://www.taxtmi.com/caselaws?id=124212 Lay flat tubings captively consumed in making plastic cap covers were treated as exempt under Notification No. 16/97 for the period before 3-12-97, and the later amendment was applied prospectively only. Duty could not therefore be confirmed for the earlier period. On Modvat, credit under Rule 57H was held admissible on duty-paid inputs lying in stock, under process, and contained in finished goods, because the claim had already been examined and the Revenue produced no evidence to displace that finding. The commentary states that exemption amendments are prospective unless expressly retrospective, and credit cannot be denied without an evidentiary basis. en-us Wed, 08 Aug 2007 00:00:00 +0530 Wed, 26 Sep 2012 17:26:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124212 Lay flat tubings captively consumed in making plastic cap covers were treated as exempt under Notification No. 16/97 for the period before 3-12-97, and the later amendment was applied prospectively only. Duty could not therefore be confirmed for the earlier period. On Modvat, credit under Rule 57H was held admissible on duty-paid inputs lying in stock, under process, and contained in finished goods, because the claim had already been examined and the Revenue produced no evidence to displace that finding. The commentary states that exemption amendments are prospective unless expressly retrospective, and credit cannot be denied without an evidentiary basis. Case-Laws Central Excise Wed, 08 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124212